703 Western Drive Mobile, Alabama

36607

Warehouse Investment For Sale

Building Size: 28,134 SF Asking Price: $1,900,000 ($67 PSF)

Sale Details:

• 28,134 sf free standing industrial building

  • Approximately 1,700 sf offices, 1,500 sf showroom, and 24,700 s of offices

  • One drive in ramp, and 5 dock high loading positions with 2 pit levelers

  • 17’clear ceilings

  • 3 phase 480 volt power

• Tenant is a contractor for Airbus

• Building was renovated and new roof installed in 2021

• Annual rent is $136,309 ($4.85 per sf), NNN. Base rent increases 2% annually.

• Current lease term expires on 9/30/2027. Tenant has two 5 year renewal options. Rent would continue to increase 2% annually.

• LL is responsible for repairs/maintenance of the roof and structure, and tenant is responsible for all interior building systems.

• 7.2% cap

Listed by Rich Vanchina, SIOR